Zetsche Says Chrysler Is on Track
To Return to Profitability Next Year

By

Joseph B. White Staff Reporter of The Wall Street Journal

Updated June 6, 2001 3:12 p.m. ET

DETROIT -- DaimlerChrysler AG said Wednesday its U.S. Chrysler unit is on track to return to profitability next year, despite lower-than-expected market share and tough pricing pressures.

"On the cost side, already we have achieved everything we wanted to achieve for the year we will achieve, and to some extent exceed," Dieter Zetsche, president of the Chrysler unit, said during a speech to the Women's Economic Club of...